Marathon Digital Holdings Inc (NASDAQ: MARA) is -31.42% lower on its value in year-to-date trading and has touched a low of $7.16 and a high of $34.09 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MARA stock was last observed hovering at around $17.60 in the last trading session, with the day’s loss setting it -1.49%.
Currently trading at $16.11, the stock is -18.62% and -26.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.91 million and changing -8.47% at the moment leaves the stock 0.81% off its SMA200. MARA registered 61.91% gain for a year compared to 6-month gain of 103.92%.
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The stock witnessed a -18.22% loss in the last 1 month and extending the period to 3 months gives it a -28.08%, and is -12.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.61% over the week and 9.08% over the month.
Marathon Digital Holdings Inc (MARA) has around 60 employees, a market worth around $4.55B and $387.51M in sales. Current P/E ratio is 14.33 and Fwd P/E is 57.80. Profit margin for the company is 66.85%. Distance from 52-week low is 125.00% and -52.74% from its 52-week high. The company has generated returns on investments over the last 12 months (13.34%).
The EPS is expected to shrink by -107.61% this year.
Marathon Digital Holdings Inc (MARA) Top Institutional Holders
The shares outstanding are 282.64M, and float is at 277.89M with Short Float at 15.46%.
Marathon Digital Holdings Inc (MARA) Insider Activity
The most recent transaction is an insider sale by SWAMI ASHU,the company’sDirector. SEC filings show that SWAMI ASHU sold 11,000 shares of the company’s common stock on Aug 31 ’23 at a price of $13.80 per share for a total of $0.15 million. Following the sale, the insider now owns 7491.0 shares.
Marathon Digital Holdings Inc disclosed in a document filed with the SEC on Aug 23 ’23 that Ouissal Said (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Aug 23 ’23 and was made at $11.80 per share for $59000.0. Following the transaction, the insider now directly holds 10217.0 shares of the MARA stock.
Still, SEC filings show that on Aug 22 ’23, Ouissal Said (Director) disposed off 15,000 shares at an average price of $10.95 for $0.16 million. The insider now directly holds 15,217 shares of Marathon Digital Holdings Inc (MARA).
